Foreclosures

Foreclosures

CARDIN, MIKULSKI ANNOUNCE $40 MILLION TO HELP MARYLAND HOMEOWNERS FACING FORECLOSURE

WASHINGTON, DC - October 6, 2010 - (RealEstateRama) -- U.S. Senators Benjamin L. Cardin and Barbara A. Mikulski (both D-MD) today announced the U.S. Department of Housing and Urban Development (HUD)’s Emergency Homeowners Loan Program (EHLP) will provide nearly $40 million to Maryland to help homeowners make payments.

Statement from Governor Martin O’Malley on Congressman Cummings’ Request for Halt in Foreclosures

ANNAPOLIS, MD - October 5, 2010 - (RealEstateRama) -- Governor Martin O’Malley issued this statement today in support of Congressman Cummings’ request for a halt on foreclosures in Maryland. In addition, Governor O’Malley has signed a joint letter with Congressman Cummings and Attorney General Gansler calling on Maryland mortgage servicers to halt current and future foreclosure proceedings until Maryland homeowners can be assured they’re being treated fairly:

Attorney General Gansler, Governor O’Malley, Congressman Cummings Call on Mortgage Companies to Halt Foreclosures...

BALTIMORE, MD - October 5, 2010 - (RealEstateRama) -- In light of recent developments concerning faulty affidavits filed in foreclosure cases, Attorney General Douglas F. Gansler, Governor Martin O’Malley, and Congressman Elijah Cummings today called on the major mortgage companies to halt foreclosure proceedings in Maryland while the companies thoroughly review the manner in which affidavits are prepared, reviewed and signed, and the sufficiency of the process employed to verify elements of default leading to a foreclosure.

Bank-Owned and Estate Multi-Property Auction

Salisbury, MD - September 30, 2010 - (RealEstateRama) -- Doug Marshall of Marshall Real Estate Auctions announces one of the Eastern Shore’s largest Bank-Owned and Estate-Owned auctions, featuring properties from Worcester, Wicomico and Dorchester counties. This multi-property event offers buyers the opportunity to save up to 50% or more on everything from commercial properties to farms, Bayfront lots [one sold Absolute, No Reserve], estate homes, investment properties and more at discount auction prices, all either Absolute or with incredibly Low Minimum Bids.

Ruppersberger to Kick Off Foreclosure Prevention Workshop

Towson, MD - September 20, 2010 - (RealEstateRama) -- Congressman C.A. Dutch Ruppersberger (D-MD) will kick off a foreclosure prevention workshop at the Towson National Guard Armory on Saturday, September 18, 2010. Home foreclosures are still a major problem in Maryland.“This struggling economy has been tough on Maryland families. If you are in danger of losing your home, we can help. Please join me as I kick off this Foreclosure Prevention Workshop where you will have the chance to sit down, one-on-one, with housing counselors, mortgage lenders and other experts to discuss your options to keep you in your home,” said Congressman C.A. Dutch Ruppersberger (D-MD)

Chairwoman Mikulski Puts Funds in the Federal Checkbook to Fight Mortgage Fraud

WASHINGTON, D.C. - July 23, 2010 - (RealEstateRama) -- Commerce, Justice, Science (CJS) Appropriations Subcommittee Chairwoman Barbara A. Mikulski (D-Md.) today announced full Senate Appropriations Committee passage of the fiscal year 2011 CJS funding bill, which includes increased funding and resources to track down and prosecute perpetrators of mortgage fraud.

Congresswoman Edwards Hosts Foreclosure Prevention Workshop

July 12, 2010 - (RealEstateRama) -- Congresswoman Donna F. Edwards hosted two Foreclosure Prevention Workshops and Forums for residents of the 4th Congressional District. Hundreds of homeowners attended and received free consultations with housing counselors, pro bono attorneys, and bank representatives. Residents also attended workshops on predatory lending, working with your bank, and making loans affordable again.

Governor Martin O’Malley Announces New Protections for Maryland Families Facing Foreclosure

ANNAPOLIS, MD - July 1, 2010 - (RealEstateRama) -- Today, Maryland’s new Foreclosure Mediation law will take effect, giving mortgage challenged homeowners another tool to help them save their homes. The program aims to give homeowners more time and a better opportunity to work with their lender, help qualified borrowers get relief through a loan modification and provide an independent party to help both sides come to a resolution

Leggett, Federal and State Housing Officials Highlight Acquisition and Rehabilitation of Vacant Foreclosed Homes;...

June 3, 2010 - (RealEstateRama) -- County Executive Isiah Leggett today joined County Council President Nancy Floreen, Maryland Department of Housing and Community Development Deputy Secretary Clarence Snuggs, and federal and local housing officials to tour a formerly vacant foreclosed property that is now available for rental through the Housing Opportunities Commission. The acquisition and renovation of this house, as well as 15 others in Germantown and Wheaton, is part of a $7.1 million effort made possible by funding from the U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program, the Maryland Department of Housing and Community Development’s Neighborhood Conservation Initiative and a HUD Community Development Block Grant

Governor Martin O’Malley Signs Legislation Helping Marylanders Keep their Homes

ANNAPOLIS, MD - May 20, 2010 - (RealEstateRama) -- Governor Martin O’Malley joined Lt. Governor Anthony Brown, Senate President Thomas V. Mike Miller Jr., and House Speaker Michael E. Busch in signing a tough new law bringing mortgage giants to the table when beginning a foreclosure proceeding in Maryland. This morning, Governor O’Malley met over breakfast with more than 200 faith leaders, acknowledging their efforts in foreclosure prevention outreach and their role moving forward under this new legislation.

Back By Popular Demand: Ruppersberger to Host Second Foreclosure Prevention Workshop

Baltimore, MD - April 30, 2010 - (RealEstateRama) -- After the overwhelming success of a foreclosure prevention workshop earlier this week in Overlea, Congressman C.A. Dutch Ruppersberger (D-MD) announced today his office will host another in Essex on Monday, May 3, 2010. Once again, the workshop will connect major lenders together to Marylanders who are at risk of losing their homes.

Home Sweet Home: Ruppersberger to Host Housing Workshop Amid Foreclosure Spike

Baltimore, MD - April 13, 2010 - (RealEstateRama) -- Congressman C.A. Dutch Ruppersberger (D-MD) will hold a Foreclosure Prevention Workshop in Overlea on April 26, 2010. Home foreclosures in Maryland and are up 80 percent from last year, while foreclosures in the rest of the country have stabilized, according to Realty Trac, Inc.,a California-based research firm.“This struggling economy has been tough on Maryland families. If you are in danger of losing your home, we can help. Please join me at my Foreclosure Prevention Workshop where you will have the chance to sit down, one-on-one, with housing counselors, mortgage lenders and other experts to discuss your options to keep you in your home,” said Congressman C.A. Dutch Ruppersberger.

Attorney General Warns Consumers to Avoid Foreclosure Sharks

BALTIMORE, MD - March 8, 2010 - (RealEstateRama) -- Just as sharks smell blood in the water, foreclosure rescue scammers can pick out desperate homeowners on the brink of foreclosure. Many homeowners are unaware of their options and panic. In the latest issue of The Consumer’s Edge, Maryland Attorney General Douglas F. Gansler warns homeowners and consumers of foreclosure rescue scams, and offers tips on how to avoid them.

Kratovil Backs Legislation to Help Returning Veterans and Surviving Spouses

February 25, 2010 - (RealEstateRama) -- Congressman Frank Kratovil today backed legislation to protect returning veterans and surviving spouses from the threat of home foreclosure and to promote opportunities for returning service members to transition into careers in education, after discussing the proposals in recent meetings with his Veterans Advisory Committee and other local veterans groups.

Governor O’Malley. Congressman Cummings Testify on Foreclosure Mediation Bill

ANNAPOLIS, MD - February 17, 2010 - (RealEstateRama) -- Testifying before members of the Senate Judicial Proceedings Committee and the House Environmental Matters Committee, Governor Martin O’Malley and Congressman Elijah Cummings, today called for the passage of a foreclosure mediation bill that protects Maryland homeowners. In his 2010 legislative package, Governor O’Malley has introduced the emergency legislation that would give every Maryland family facing foreclosure the legal right to mediation with the lender seeking the foreclosure.

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Federal, State and Local Housing Officials Celebrate Opening of Senior Rental...

Montgomery County Executive Isiah Leggett today took part in the ribbon cutting ceremony for The Bonifant at Silver Spring, a mixed-income 11-story apartment building with 149 units for seniors age 62 or older

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Baltimore Real Estate Agent Sentenced to Over Two Years in Prison...

U.S. District Judge James K. Bredar sentenced Michael Gerard Camphor, age 60, of Baltimore, to 27 months in prison, followed by three years of supervised release on charges arising from the fraudulent purchase of four properties in Baltimore, using fraudulent loan documentation and straw purchasers, resulting in losses of over $735,000. At the sentencing on February 28, 2016, Judge Bredar also ordered Camphor to pay restitution of $735,363.47 and to forfeit $962,274.95